Latin America countries are looking to attract business to their country and Colombia is not an exception but it is one of the most complex countries for accounting and tax compliance in Latin America.

What are the key recent developments affecting doing business in your jurisdiction? The most remarkable legal development in Colombia is the Tax Bill, enacted on 27 December 2016...

As of January 1st, 2008, the general statutory corporate income tax rate is 33 %. Unless otherwise provided, all Colombian and foreign entities subject to income tax in Colombia, including Colombian branches of foreign companies are subject to this 33% rate.